_shopify-stock-plummets-19-as-slower-sales-growth-forecasted-for-q2shopify-drops-19.jpg "Shopify Stock Plummets 19% as Slower Sales Growth Forecasted for Q2Shopify Drops 19% from anime girl breast giantess growth inflation Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:37
👁 View: 1.2M times
✓ Published: 10-May-2024
👁 View: 1.2M times
✓ Published: 10-May-2024
Description:
Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.
Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_giantess-growth-mooni39s-blooming-love-with-a-heartbeat.webp "Shawn Moton")
_minneapolis-fed-president-cautious-on-rate-cuts-sees-elevated-rates-through-2024.webp "Minneapolis Federal Reserve President Neel Kashkari said interest rates may need to remain elevated through 2024 for the Fed to see that inflation is firmly declining. Kashkari wants to see multiple reports of progress on reducing inflation before supporting rate cuts, noting he would need positive inflation readings and weaker job growth data showing disinflation is on track. He said the bar for rate cuts is \")
_breast-expansion-frieren-gets-really-jealous-of-fern39s-big-melons.webp "Curvylonix")
_naomi39s-christmas-tree-giantess-growth-animation.webp "Beladdy")
_giantess-courtney-shrink-and-growth.webp "Arcade Yuuha Be")
_breast-expansion-justus-124-hanime-anime.webp "ANILOVE")
_airbnb39s-q1-earnings-beat-expectations-shares-fall-in-after-hours-trading.webp "Airbnb's net income more than doubled in the first quarter compared to the same period last year, though revenue growth was slower at 18%. Earnings per share beat analyst estimates, helped by the timing of Easter holiday revenues. Strong earnings growth was partly driven by one-time factors like the additional leap day and the shift of Easter occurring earlier. Airbnb shares fell around 7% in after-hours trading.")
_point-and-grow.webp "Anonymoly")
_giantess-growth-mooni39s-blooming-love-with-a-heartbeat.jpg)
_minneapolis-fed-president-cautious-on-rate-cuts-sees-elevated-rates-through-2024.jpg)
_breast-expansion-frieren-gets-really-jealous-of-fern39s-big-melons.jpg)
_naomi39s-christmas-tree-giantess-growth-animation.jpg)
_giantess-courtney-shrink-and-growth.jpg)
_breast-expansion-justus-124-hanime-anime.jpg)
_airbnb39s-q1-earnings-beat-expectations-shares-fall-in-after-hours-trading.jpg)
_point-and-grow.jpg)
![[+]](/images/menu.gif){kind=small}